2009-06-12
Finansinspektionen will organise a new Operational Risk seminar on
29 September 2009 at the Grand Hôtel Stockholm due to the popular response of an earlier seminar held on 2 April this year. The upcoming seminar will have the same purpose but a slightly different agenda. Watch for the invitation and agenda on our website in late August 2009.
The objective is to show different interested parties – from managerial bodies and boards of directors in financial companies to risk managers, compliance officers, supervisors, actuaries, regulators and the financial press – the importance of measuring and managing financial exposure towards operational risk.
Experience shows that operational losses can be tripled or more in certain business areas during financial turmoil. Risk transformation may lead to unpleasant and unexpected losses. When credit risk is transformed to operational risk, causing rumours to spread, a liquidity crisis is likely to follow. The seminar will also deal with problems of evaluated risk, for example products with a different risk level than they appear to have, as in subprime vs. covered bonds.
The seminar will be held in English.
